Gbp/Jpy

[delpacing]

Resistance Level : 128.75, 129.10, 129.50
Support Level : 127.80, 127.10, 126.60
Trading Range : 127.10 � 128.75
Trend : Bearish

[nurdiantofxwave]

Mrenstein signal indicator now:
tf m15: 19.49
tf m30: 14.29
tf h1: 16.56
tf h4: 47.80
tf d1: 33.60

This pair has touched twice weekly pivot level (128.55) and is now thrown down to the bottom after breaking the daily pivot point (128.40). if the decline continues, will likely return to the daily support level 1 (128.00). But seeing the condition of the stochastic signal in the oversold area on virtually all the time frime will make the price higher again, but restricted.

[ashaab]

The pair continues to fluctuate around the pivotal support of 128.40, while the pair is trading within the symmetrical triangle which supports the resumption of the downside movement. SMA 50 pressures the pair south. Therefore, we expect an intraday downside movement today based on stability below 128.40 in addition to consolidation below 129.05.



Recommendation : Based on the charts and explanations above, our opinion is selling the pair with a breach of 128.40, targeting 127.10 and then 126.50 and stop loss with 4-hour closing above 129.05 might be appropriate

[ashaab]

The pair is trading around the support at 128.40, while Stochastic is losing momentum gradually. Therefore , our suggested scenario remains valid as long as the pair is stable above 129.05.



Recommendation : Based on the charts and explanations above, our opinion is selling the pair with a breach of 128.40, targeting 127.10 and then 126.50 and stop loss with 4-hour closing above 129.10 might be appropriate

[nurdiantofxwave]

Now this pair had down from dayly pivot level and it is being go down to dayly support 1 level but stochastic 5,3,3 signal in all time frime is still in oversold area that confirm that the price will go up weak before down again.

[ashaab]

The pair continues trading around 128.40, while SMA 50 pressures the pair. Therefore, our suggested scenario remains valid for the rest of the session as long as the metal is stable below 129.10.



Recommendation : Based on the charts and explanations above, our opinion is selling the pair with a breach of 128.40, targeting 127.10 and then 126.50 and stop loss with 4-hour closing above 129.10 might be appropriate

[nurdiantofxwave]

Below trend analysis today with ma system:
ma 16 as short term trend indicator= sideways
ma 96 as medium term trend indicator= sideways
ma 480 as long term trend indicator = down
So the trend is down weak.

After it retraced from yesterday lowest price (128.06) , it bounch to highest price (129.32) then down until market closed at 128.99. This day i predict this pair will go down follow trend until 128.50.

[ashaab]

The trading range for today is among the major support at 126.50 and the major resistance at 130.35.

The short-term trend is to the downside as far as 150.00 remains intact targeting 112.00.



Recommendation : Based on the charts and explanations above, our opinion is selling the pair with a breach of 128.40, targeting 127.10 and then 126.50 and stop loss with 4-hour closing above 129.10 might be appropriate

[simpleforex68]

In H1 chart, the price is below the Ichimoku Kumo Cloud and EMA 200. These signal confirm for the downtrend of the pair. Therefore, I think the price will continue to be down in today session.

[nurdiantofxwave]

After strongly down from opening market in asian session yesterday, the price retrace up and break weekly support at 128.19. Today this pair opened in dayly pivot area. The price has been retrace down just now that indicated by mreinstein stochastic (5,3,3) tf h1 in overbought area.

For technical analysis today :
ma 16 as short term trend indicator= up and has crossed ma 96
ma 96 as medium term trend indicator= down
ma 480 as long term trend indicator = down
So the trend is down weak.

I predict this pair will go down until 128.19 as weekly support level 1 then retrace up.